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any SLJB shareholders contact the OSC about the case? any longs around?
SPNG June 2010 Monthly Share Volume Report
Select a different report by entering an issue or MPID: Sort By: Report Date:
Issue Market Participant
Volume Issue/MPID
Jun 2010 May 2010 Apr 2010 Mar 2010 Feb 2010 Jan 2010 Dec 2009 Nov 2009 Oct 2009 Sep 2009 Aug 2009 Jul 2009
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SPNG - SPONGETECH DELIVERY
Page of 1
June 2010 May 2010 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
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Total Share Volume 57,997,149
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CSTI
Collins Stewart LLC 63,000 6 <1 2,021,500 8 <1 2,184,250 12 <1
ETMM
E*Trade Capital Markets Llc 5,137,313 4 8 10,094,188 5 2 15,231,501 8 1
FANC
Finance 500, Inc. 4,671,500 5 8 1,500 14 <1 5,943,000 11 <1
LABS
LaBranche Financial Services 5,934,400 3 10 6,599,505 6 1 23,029,729 7 1
MURF
Murphy and Durieu 12,386,263 2 21 66,154,188 2 14 104,502,050 2 8
NITE
Knight Equity Markets, L.P. 29,801,673 1 51 328,164,972 1 72 764,065,423 1 65
VERT
The Vertical Trading Group 3,000 7 <1 4,944,028 7 1 28,234,988 6 2
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motions to be heard on July 8, 2010 are scheduled on a peremptory basis and will proceed as follows:
a.All written materials, evidence and legal submissions the Respondents intend to rely on at the contemplated motions will be filed by the Respondents by 5:00pm on June 24, 2010;
b.Any Responding materials from Staff will be filed by 5:00pm on July 2, 2010;
c.In the event that the Respondents decide not to bring any pre-hearing motions, they shall inform the office of the Secretary, as well as Staff, on or before June 24, 2010, so the date may be vacated;
d.If the Respondents fail to file their motion materials by June 24, 2010, at 5:00pm the motion date shall be vacated; and,
e.The motions shall proceed whether or not the Respondents have retained counsel by July 8, 2010.
posted on yhoo..Pacer: Dicon Interim Consent Order Allowing the Debtor to Continue Its Factoring Arrangement Pursuant to Bankruptcy Code Sections 363 and/or 364; This Order Shall Expire on July 20, 2010 at 5:00 PM EDT unless Extended by Order of This Court. Filed on 6/29/2010 (RE: related document(s) 20 ). (Barnard, Linda) Modified to add additional text on 6/29/2010 (Barnard, Linda). (Entered: 06/29/2010)
SpongeTech **AND** DICON EMERGENCY MOTION for RECONSIDERATION... of the order appointing a Chapter 11 trustee...
Here -> http://ia360702.us.archive.org/6/items/g...
(courtesy of NetShamus)
whats this against celia? Litigation Complaint 122107
Jun 16, 2010 ... H.H. Brown Shoe Technologies, Inc., dba Dicon Technologies and Wayne Celia, Defendants. ... at their offices in New York City and participated with Aquamatrix in .... New Jersey, Dicon has refused to pay a market rate. ...
www.scribd.com/doc/33430634/Litigation-Complaint-122107 - Cached
http://www.scribd.com/doc/33430634/Litigation-Complaint-122107
could this explain involuntary BK of DICON by mr celia?
Pm your email thanks
conflict of interest? how can the attornies have a conflict of interest unless PIKE is the intended reciever or is involved in the georgia case involving dicon? thoughts?
"Dicon will be taken by a reputable company and will be better for it" TYPICAL OF WALL STREET ISN'T IT STEVE "O"
KEY WORD "CERTAIN" the forensic documents stating sales of SPNG & DICON Technologies together represent just 'certain' sales..which means selected sales>>>here is the wording....
"
1
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.
SPONGETECH DELIVERY SYSTEMS,
INC., RM ENTERPRISES
INTERNATIONAL, INC., STEVEN Y.
MOSKOWITZ, MICHAEL E. METTER,
GEORGE SPERANZA, JOEL PENSLEY,
and JACK HALPERIN,
Defendants.
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:
Civil Action No. 10-CV-2031 (DLI)
DECLARATION OF LAUREEN M. RYAN
I, Laureen M. Ryan, pursuant to 28 U.S.C. § 1746, declare as follows:
1.
I am a Managing Director with Alvarez & Marsal, Dispute Analysis & Forensic
Services LLC (“A&M”). At the request of counsel
1
, A&M performed a review of certain sales
documentation for the period June 2009 to April 2010 for Spongetech Delivery Systems, Inc.
(“Spongetech”) and for the period July 2009 (subsequent to acquisition by Spongetech) to April...."
any recent pacer updates?
Your source is feeding you false information. Have you tried calling both offices during business hours? It may help if you do before posting unconfirmed false rumors that you are posting.
oldtymer so what time of the day were you calling their ny office?
thanks for the post very informative for spng shareholders.
June 11, 2010 Will WorldGate Quietly Pass Ooma in the Residential HD Voice Race?
By Doug Mohney, Contributing Editor
Best known for its iconic Ojo videophone, WorldGate Communications (News - Alert) (www.wgate.com) has conducted a reorganization and recapitalization that positions the company to cranking out a ton of consumer video endpoints over the next two years -- at least 300,000 if all goes according to plan. Its second-generation hardware is capable of supporting both HD voice and video calling, giving the company a leg-up in the move to deliver wideband voice and video to consumers.
WorldGate CEO George Daddis freely admits he had some "trepidation" in joining the company. Gaddis had sold IP PBX maker Allworx (News - Alert) to PAETEC in August 2009 and was taking time off when he was approached to join the company.
"With a deeper look, I got excited about the opportunity," said Gaddis. "What's changed with the recapitalization is the business model." WorldGate has been developing videophone endpoints since 1995, but the initial business model was centered around a private network to deliver service and the cost of endpoint hardware was very high -- $350 to $400 for an end-point. It did well in niche markets, such as in the deaf and hard of hearing community, but the monthly service revenues weren't all that great.
Meanwhile, privately-held ACN (www.acninc.com) had nearly the exact opposite problem. A direct seller of telecommunications services, ACN was moving video phones to residences at a clip of 15,000 to 20,000 units per month, but it needed better hardware.
WorldGate had good hardware while ACN had access to capital and a powerful sales network, so ACN took a majority stake into WorldGate and entered into an agreement to purchase 300,000 videophones over a two year period for the sum of $60 million. With ACN as an anchor customer, WorldGate was able to negoiate favorable terms with suppliers, pushing down prices.
In addition, WorldGate brought in a new management team and revised its business model. At one end of the spectrum, it will simply be a hardware OEM, just selling videophones. On the other end, it will offer integrated digital phone service through a network of agents at $29.99 per month for unlimited local and long-distance calling, along with unlimited video calling. In the middle is the ability for service providers to purchase pieces rather than a fully managed service.
"We have a full pipeline of cable companies and ILECs who want to move from straight digital phone service into video phone service," said Gaddis. "The value proposition is pretty strong. They've been selling on price into the residential market for decades and are looking for an opportunity to change the proposition. Video telephony is an emotion-based sale instead of a value-based sale, so they can add a new application into residential telephony."
Last month, WorldGate shipped out the first 15,000 second-generation videophones to ACN and Gaddis said the company had a P.O. in hand for another 26,000 phones already. The Ojo Vision features a 7 inch LCD screen, a TI DaVinci CPU doing the heavy lifting for video processing and built-in support for the G.722 wideband codec.
Comparing ooma (News - Alert) to WorldGate is an interesting exercise. Ooma has yet to officially announce support G.722 on its service, despite statements made in January at CES (News - Alert) that it would be ready in April. The company said it had shipped 100,000 units total, including 25,000 of its second-generation HD voice compatible hardware in the fourth quarter of 2009.
If one works the averages for WorldGate and ooma, WorldGate looks to have the potential to ship more hardware faster just through its ACN contract. Add on the prospects for agent sales and a la carte offering of phones plus various services and WorldGate videophone numbers have the potential for significant upside.
Meanwhile, ooma has a lot of retail channels, but has yet to announce any white label or reseller deals. WorldGate is looking at retail options, but a "Big Box" deal isn't going to happen soon.
Finally, there are a couple of intangibles. Ooma is offering a nice voice phone and service, but we've been down that road before. WorldGate is offering a nice voice phone service plus video on top and we've sorta been down that road before, but perhaps not as aggressively on price as in past efforts to bootstrap video calling into the residential market.
On the other hand, video is the "hot ticket" in the mobile space and with Skype's (News - Alert) push into the TV world. If Daddis has cable companies and ILECs ready to resell a white-label video phone, WorldGate might sell a lot of HD voice phones in short order.
Doug Mohney is a contributing editor for TMCnet and a 20-year veteran of the ICT space. To read more of his articles, please visit columnist page.
Edited by Patrick Barnard
http://voice-quality.tmcnet.com/topics/voip-quality/articles/88305-will-worldgate-quietly-pass-ooma-the-residential-hd.htm
dp..make that a sticky note on the top of this board. nothing like posting a positive news that contradicts the false rumors being posted. what do you say mods? can the longs post a positive development? who started this false rumor?
volume picking up, considering the DTC freeze. Products continue to sell at major retailers. Appears these positive developments revealed through these PACER filings have people buying the stock today.
Germany ban on naked short selling and Goldman Sachs ties
SiriusNews on Jun 7, 2010 06:34 PM
To News Media worldwide, I want to write this letter to clearly put together the story about what took place on Wall Street since the elimination of the uptick rule on July 6th, 2007 up until the current crisis in the United States as of today June 2010, just weeks away from financial reform to be signed into Law here in the United States. May 2007 Goldman Sachs hired math wiz computer programmer Segei Aleynikov July 2007 Up Tick rule abolished and Naked Short Selling Scandal begins as Housing scandal ends July 2007 Massive downgrades in credit ratings as the Housing scandal slows and Goldman Sachs moves into Stock Scandal FY 2008 U.S in a full blown recession due to financial crisis and naked short selling and other scandals tied to Goldman Sachs and others June 2008 Secret meeting in Moscow between Goldman Sachs board members and Hank Paulson Sept 2008 Financial meltdown and Last days of Lehman Brothers. Hank calls Loydd 24 times within a few days July 3rd 2009 FBI arrest Segei Aleynikov as he had sent over 1,000 secret codes and files to German Web Site Feb 24th, 2010 Up tick rule voted back in but with some circuit breakers April 15th 2010 Goldman Sachs tied to Galleon trading investigation April 16th, 2010 Goldman Sachs Civil Fraud Charges brought by Government/SEC May 4th, 2010 Goldman Sachs guilty of Naked Short Selling and pays fine May 6th, 2010 Stock market crash down 700 ponts is minutes to almost down 1,000 points on day. still looking for answers in an ongoing investigation. May 18th, 2010 Germany bans naked short selling. What does the German secret service know about the Goldman Sachs secret files sent to German web site? Now today, Newsweek comes out with a story June 7th, 2010 on page 42, where they state the arrest ofthe Goldman Sachs computer programmer. Newsweek June 7th, 2010 page 42. http://bit.ly/cbM89b Goldman Sachs secret codes/ arrest These facts are all connected, yet the News media has not put the story together. see these two video's on youtube that just came out, that clearly explains the connections and it all leads back to Goldman Sachs. part 1 Utube
Germany ban on naked short selling and Goldman Sachs ties
SiriusNews on Jun 7, 2010 06:34 PM
To News Media worldwide, I want to write this letter to clearly put together the story about what took place on Wall Street since the elimination of the uptick rule on July 6th, 2007 up until the current crisis in the United States as of today June 2010, just weeks away from financial reform to be signed into Law here in the United States. May 2007 Goldman Sachs hired math wiz computer programmer Segei Aleynikov July 2007 Up Tick rule abolished and Naked Short Selling Scandal begins as Housing scandal ends July 2007 Massive downgrades in credit ratings as the Housing scandal slows and Goldman Sachs moves into Stock Scandal FY 2008 U.S in a full blown recession due to financial crisis and naked short selling and other scandals tied to Goldman Sachs and others June 2008 Secret meeting in Moscow between Goldman Sachs board members and Hank Paulson Sept 2008 Financial meltdown and Last days of Lehman Brothers. Hank calls Loydd 24 times within a few days July 3rd 2009 FBI arrest Segei Aleynikov as he had sent over 1,000 secret codes and files to German Web Site Feb 24th, 2010 Up tick rule voted back in but with some circuit breakers April 15th 2010 Goldman Sachs tied to Galleon trading investigation April 16th, 2010 Goldman Sachs Civil Fraud Charges brought by Government/SEC May 4th, 2010 Goldman Sachs guilty of Naked Short Selling and pays fine May 6th, 2010 Stock market crash down 700 ponts is minutes to almost down 1,000 points on day. still looking for answers in an ongoing investigation. May 18th, 2010 Germany bans naked short selling. What does the German secret service know about the Goldman Sachs secret files sent to German web site? Now today, Newsweek comes out with a story June 7th, 2010 on page 42, where they state the arrest ofthe Goldman Sachs computer programmer. Newsweek June 7th, 2010 page 42. http://bit.ly/cbM89b Goldman Sachs secret codes/ arrest These facts are all connected, yet the News media has not put the story together. see these two video's on youtube that just came out, that clearly explains the connections and it all leads back to Goldman Sachs. part 1 Utube
Germany ban on naked short selling and Goldman Sachs ties
SiriusNews on Jun 7, 2010 06:34 PM
To News Media worldwide, I want to write this letter to clearly put together the story about what took place on Wall Street since the elimination of the uptick rule on July 6th, 2007 up until the current crisis in the United States as of today June 2010, just weeks away from financial reform to be signed into Law here in the United States. May 2007 Goldman Sachs hired math wiz computer programmer Segei Aleynikov July 2007 Up Tick rule abolished and Naked Short Selling Scandal begins as Housing scandal ends July 2007 Massive downgrades in credit ratings as the Housing scandal slows and Goldman Sachs moves into Stock Scandal FY 2008 U.S in a full blown recession due to financial crisis and naked short selling and other scandals tied to Goldman Sachs and others June 2008 Secret meeting in Moscow between Goldman Sachs board members and Hank Paulson Sept 2008 Financial meltdown and Last days of Lehman Brothers. Hank calls Loydd 24 times within a few days July 3rd 2009 FBI arrest Segei Aleynikov as he had sent over 1,000 secret codes and files to German Web Site Feb 24th, 2010 Up tick rule voted back in but with some circuit breakers April 15th 2010 Goldman Sachs tied to Galleon trading investigation April 16th, 2010 Goldman Sachs Civil Fraud Charges brought by Government/SEC May 4th, 2010 Goldman Sachs guilty of Naked Short Selling and pays fine May 6th, 2010 Stock market crash down 700 ponts is minutes to almost down 1,000 points on day. still looking for answers in an ongoing investigation. May 18th, 2010 Germany bans naked short selling. What does the German secret service know about the Goldman Sachs secret files sent to German web site? Now today, Newsweek comes out with a story June 7th, 2010 on page 42, where they state the arrest ofthe Goldman Sachs computer programmer. Newsweek June 7th, 2010 page 42. http://bit.ly/cbM89b Goldman Sachs secret codes/ arrest These facts are all connected, yet the News media has not put the story together. see these two video's on youtube that just came out, that clearly explains the connections and it all leads back to Goldman Sachs. part 1 Utube
how does the DTC account for the daily trading after the freeze? who is clearing these trades and how does the dtc account for such trades in the system if they imposed the freeze?
what broker has ignored the DTC and how is this possible?
is it possible it was short covering? most trades occured on the bid, correct? since when do bid trades make the bid go higher as we witnessed?
white lake walmart are stocked with sponge bobs i hear, thats far from new york
considering we traded over 1 million shares sub penny since april alone, i found this interesting post...
Explanation of a Float Lock Down
http://investorshub .advfn.com/ boards/read_ msg.aspx? message_id= 47712128&txt2find=hold| shares
"...When we talk about the float we are talking about shares that are freely traded on the stock market for a particular stock. The float is the outstanding shares minus any shares that are not available because they are restricted or are being set aside for company purposes.
When we buy and hold stock we are taking shares out of the market and in that process reducing the float or any available shares that may be sold. When we have effectively bought all of the available shares then the stock is in “Float Lock Down” as Monk states in his posts.
Any shares purchased after the Float Lock Down point is reached are shares the market makers do not have so they are either shares that are sold short or they are naked short shares, shares that do not exist. When this event occurs then the market makers job is to try and free up shares or take the market on that stock to a higher level in order to create sales of shares. If the market makers try to free up shares then they will do what we call a “shake”. They will take the stock up then short it down in order to create panic or take out stop loss orders and/or take out those individuals who have mental stops in mind. If people do not sell and hold stock for a higher valuation then the market makers will determine after a period of time to take the stock back up and try to encourage more selling. The market is based on supply and demand. If the demand outweighs the supply then the market makers try to create an atmosphere for the seller. If there are no sellers then they take the stock to a point where people will sell. And that my friends is where it gets exciting..."
what other company do you know of that has a low float and has not diluted its shareholders? labwire has suffered to due the economic downturn and loss of a major account, are things over for the company? NO. we just need the ceo to become more transparent, appears he has been given the wrong advice by certain individuals.
is this the same acacia?
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research's subsidiaries develop, acquire, and license patented technologies. Acacia Research's subsidiaries control over 100 patent portfolios, covering technologies used in a wide variety of industries.
is this the same acacia?
short covering occuring on the bid would cause the stock price to rise. these trades are on the bid and the stock continues to rise. shorts were given a gift to cover below a penny.
since april 13th its traded over 1.2 million based on the t&s report
how many total shares traded below a penny, any idea?
post from another board....SEC and SPNG's lawyers agreed to temporary DTC lockdown. 14 minutes ago Remember "unopposed" extension of time for Metter to file an Answer agreed to by the SEC on June 2, 2010. Well, guess what, Metter's attorneys have handed over documents including the O/S. SEC is now confirming the O/S thru DTC recount. Yesterday's final trades must be delivered by next Tuesday. The NSS will be exposed beyond comprehension after the count is completed. And, yes, trading will resume. M&M's lawyers could have gotten a temporary injunction yesterday or this morning as to DTC's lockdown, but did not. Why??? "Unopposed" And Metter's Answer is due next Friday. This is only the beginning. The whistle has been blown.
Spiderman sends his love too :)
http://caselaw.lp.findlaw.com/data2/circ...
stock was artificially taken down, rob knows this. why else would he ask others to place a sell for 10k shares? for someone who spneds so much time on this board you would think he would have atleast a 100k shares dont you think?
when it goes up its manipulation, when it goes down its what?
my local walmart said that was due to the memorial day sale they were running.
jack what are your thoughts about the naked short position and the % of shares being reported by FINRA that range from 30-70% of the daily trading? Just wondering what your thoughts are on who is fascilitating the naked short selling? Is this overseas or just a Canadian thing?
what are your thoughts on spongeable products vs spongetech?
stock doesnt trade as if 3 billion shares outstanding.
if this has never happend to you how would you know this to be the case? "Probably you're just being pinged. Happens automatically, for a variety of reasons, and has nothing to do with IHub."
ny times interview "He said the company’s profit claims would be vindicated later this month, when it filed overdue audited financial statements." 5-6-2010
"He added that the company had 723 million shares outstanding, just as it had reported in the last financial statements it filed with the commission, in April 2009."
http://dealbook.blogs.nytimes.com/2010/05/06/s-e-c-charges-spongetech-with-fraud/?src=busln
just how many personal attacks will come with this post?
WANT MORE? May 13, 2010, 1:22 pm Deutsche Bank's naked wrist slap
Regulators impose another minuscule fine for short-selling transgressions by giant firms.
Securities industries watchdogs have had it with naked short selling -- and if the biggest securities firms don't watch out, they could be left with some unsightly welts on their wrists.
Thursday's sort-of crackdown comes courtesy of the Financial Industry Regulatory Authority, the industry group that kind of watches over the biggest broker-dealers. It slapped Deutsche Bank (DB) with a $575,000 fine for five years' worth of violations of rules against naked shorting, the practice of selling a stock without making an effort to find shares to sell.
Where are the teeth?
Finra hit National Financial Services, a unit of Boston-based fund giant Fidelity, with a $350,000 fine for similar violations.
Securities rules say brokers can't do a short sale, in which a trader borrows and sells a stock in hopes of repurchasing it later at a lower price and pocketing the difference, without first identifying "reasonable grounds to believe that the security can be borrowed," in Finra's words.
Both Deutsche and National Financial virtuously set up systems to prevent this from happening, Finra said. The idea is to prevent abusive short sales that manipulate the market.
But as luck would have it, Deutsche then "disabled its system in certain instances." National, going one better, "created a separate system for certain customers," Finra said.
Deutsche and National Financial, which neither admitted nor denied Finra's findings, aren't the only ones playing this game. So is Goldman Sachs (GS). It got fined $450,000 last week by the Securities and Exchange Commission and NYSE Regulation for 521 violations of short-selling rules -- including several instances in which the firm found itself in the SEC's short-selling "penalty box."
The censures of the three firms come as the SEC seeks to crack down on naked short-selling with what you might describe as mixed results. Yes, fines and bad publicity are always useful tools. On the other hand, three giant players managed to settle cases by spending just $1.4 million -- a mere fraction of Wall Street's ever- increasing trading profits.
"The SEC has done a fantastic job identifying naked short-selling as a destroyer of shareholder value," said John Tabacco, who runs the locatestock.com electronic stock-locating service. "But when you compare $1 million in fines with hundreds of millions of dollars in execution and clearing profits, you can see where the firms just see this as a cost of doing business."
Back to main column
"traders broke short selling rules on 385 separate occasions"
WE SHOULD REQUEST THE DATA FROM THE SEC FOUND BASED ON THE FOIA AND SEE WHAT STOCKS THEY WERE TARGETING!!